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Ironically this might have been true in the past when your only EV option was a Tesla; however the Chevy Bolt is selling like mad, the Chevy Volt continues to s

by evo_9 9y ago

Ironically this might have been true in the past when your only EV option was a Tesla; however the Chevy Bolt is selling like mad, the Chevy Volt continues to sell well and you have quite a few choices either out or coming to market in early 2018, including the VW E-Golf, Hyundai Ioniq, Kia Soul EV to name just a few that are under 30k. Removing the EV Credit now makes no sense; perhaps a better approach is to limit the EV Credit to cars that cost under 50k; this would ensure the credit isn't used on luxury EV's and allow the market to continue to grow.

koolba 9y ago
> Ironically this might have been true in the past when your only EV option was a Tesla; however the Chevy Bolt is selling like mad, the Chevy Volt continues to sell well and you have quite a few choices either out or coming to market in early 2018, including the VW E-Golf, Hyundai Ioniq, Kia Soul EV to name just a few that are under 30k. IIRC to get the full $7,500 it needs to be a full electric with a battery large enough for X miles so the Bolt wouldn't qualify (for all of it). > Removing the EV Credit now makes no sense; perhaps a better approach is to limit the EV Credit to cars that cost under 50k; this would ensure the credit isn't used on luxury EV's and allow the market to continue to grow. You also need a tax bill of at least $7,500 to take advantage of the full credit. If your tax bill is only $5,000 then that would be max you could get back.
- fhood 9y ago
  If your tax bill is only 5,000 then you probably shouldn't buy a new car.
- jameskilton 9y ago
  Your first statement is not true. The tax credit is based on the size of the battery. The Volt qualifies for the full $7500 (which is one big reason I chose it over other hybrid options) as does the Bolt. https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-ele...
tessierashpool 9y ago
Right. Obviously, if you put a tax credit in place to incentivize manufacturers, you have to wait for their ramp-up time.

by evo_9 9y ago

koolba 9y ago

> Ironically this might have been true in the past when your only EV option was a Tesla; however the Chevy Bolt is selling like mad, the Chevy Volt continues to sell well and you have quite a few choices either out or coming to market in early 2018, including the VW E-Golf, Hyundai Ioniq, Kia Soul EV to name just a few that are under 30k. IIRC to get the full $7,500 it needs to be a full electric with a battery large enough for X miles so the Bolt wouldn't qualify (for all of it). > Removing the EV Credit now makes no sense; perhaps a better approach is to limit the EV Credit to cars that cost under 50k; this would ensure the credit isn't used on luxury EV's and allow the market to continue to grow. You also need a tax bill of at least $7,500 to take advantage of the full credit. If your tax bill is only $5,000 then that would be max you could get back.

fhood 9y ago
If your tax bill is only 5,000 then you probably shouldn't buy a new car.
jameskilton 9y ago
Your first statement is not true. The tax credit is based on the size of the battery. The Volt qualifies for the full $7500 (which is one big reason I chose it over other hybrid options) as does the Bolt. https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-ele...

tessierashpool 9y ago

Right. Obviously, if you put a tax credit in place to incentivize manufacturers, you have to wait for their ramp-up time.